The moratorium imposed on the crisis-ridden lender will be removed on Friday and depositors of LVB will be able to operate their accounts as customers of DBS Bank India from that day, said the Central bank
Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000; RBI proposes merger with DBS Bank
TN Manoharan, former non-executive chairman of Canara Bank, has been appointed as the administrator of the bank
The combined fiscal deficit of the Centre and states will top 12 percent of the GDP because of the recent economy-boosting measures, and higher borrowings by States to meet COVID-19 exigencies, says a report
Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against coronavirus disruptions, fresh support may be only around 60 percent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden bond market, says a report
The Indian economy benefited from "favourable external environment" in 2019, following which portfolio inflows into equity and debt touched a multi-year high, and if this momentum is sustained it will bode well for the country's external balance, a report said on Friday
India's economic growth likely to slow further in second half of 2019 on weakness in consumption sector: DBS
Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity.
The National Company Law Appellate Tribunal(NCLAT) has dismissed the plea of Singapore-based DBS Bank, a dissenting financial creditor of Ruchi Soya, challenging the distribution of proceeds from the bid submitted by Patanjali Ayurved
Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process
Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt.
DBS Bank has revised India's GDP growth for the fiscal year 2020 downwards to 6.8 percent year-on-year (YoY) from 7 percent projected earlier, citing headwinds for exports amidst challenging trade outlook
Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm
Ruchi Soya owes Rs 9,345 crore to the lenders led by SBI who Tuesday agreed, with around 96 percent vote, to go with the second revised bid by the company promoted by Baba Ramdev
Ruchi Soya insolvency: Baba Ramdev's Patanjali bags edible oil firm as lenders approve Rs 4,325 crore bid
Patanjali acquired Ruchi Soya Industries in an insolvency auction started by lenders to recover over Rs 9,300 crore loans
India grabs most of foreign inflows into Asian equities in March on optimism over upcoming general election
Overseas investors bought $4.96 billion worth of Asian shares in March, data from stock exchanges in South Korea, Taiwan, India, Thailand, the Philippines, Indonesian and Vietnam showed.
Bullish bets on Indian rupee rise ahead of general election; yuan longs recede on concerns over slowing domestic demand: Poll
Investors piled on long rupee bets in a return to bullishness earlier this month after a year, the poll of 12 respondents showed.
Baba Ramdev's Patanjali Ayurved raises bid value to Rs 4,350 crore to take over bankruptcy-bound Ruchi Soya
Adani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali, has withdrawn from the race
Inflation likely cooled to 2.20 percent in December - close to the lower end of the Reserve Bank of India’s medium-term target range
Adani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya.
Inflationary risks have receded for the short-term helped by base effects and seasonal factors, but rupee direction and oil are risks for inflationary expectations.
Adani Wilmer secures Rs 4,000 credit line from Standard Chartered, DBS Bank for Ruchi Soya acquisition
Patanjali, which was declared as the second-highest bidder (H2), did not submit a revised bid to match or better the highest offer, tabled by Adani Wilmar
Himachal Pradesh will go to polls on 9 November while elections in Gujarat will be held in two phases -- on 9 and 14 December
Gujarat, Himachal Pradesh Assembly Election litmus test for Narendra Modi govt after reforms, says DBS Bank
The ruling BJP is "wary" in Gujarat because of the slow-down in growth, impact of GST roll-out on small traders and caste rifts, DBS Bank said in a note